Why Live in Peacepipe Park
Peacepipe Park in Mankato is a serene neighborhood situated approximately two and a half miles east of Old Town Mankato. This established community is centered around Peacepipe Park, providing residents with a tranquil environment while being centrally located to various amenities, including shopping, schools, and the hospital. The neighborhood features a mix of ranch-style and split-level homes, primarily built in the late '70s and early '80s, with broad streets and ample parking. The Mankato Public School District serves the area, with highly rated schools such as Kennedy Elementary School, Prairie Winds Middle School, and Mankato East Senior High School, which offers Advanced Placement classes and AVID programs.
Peacepipe Park itself is a focal point, offering playground equipment, a pavilion, and a barbeque pit, surrounded by shaded areas with oaks and elms. Nearby Erlandson Park provides additional recreational options, including athletic fields, a playground, picnic spots, an outdoor ice-skating rink, and a decorative garden. For dining, residents can enjoy authentic Mexican cuisine at El Mazatlan Mexican Restaurant or visit the Olde Brick House for a classic Irish dining experience. Grocery shopping is convenient with a Walmart Supercenter located on Madison Avenue.
The neighborhood is somewhat walkable, with sidewalks on most streets, though many residents rely on cars for transportation. Public transportation is available with several bus stops along Holly Lane and Black Eagle Drive. For air travel, Mankato Regional Airport is about 6 miles northeast, while Minneapolis-St. Paul International Airport, offering a wider range of flights, is approximately 77 miles away.
Home Trends in Peacepipe Park, MN
On average, homes in Peacepipe Park, Mankato sell after 75 days on the market compared to the national average of 70 days. The median sale price for homes in Peacepipe Park, Mankato over the last 12 months is $324,990, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$324,990
Median Single Family Sale Price
$284,900
Median Townhouse Sale Price
$690,000
Average Price Per Sq Ft
$180
Number of Homes for Sale
2
Last 12 months Home Sales
25
Median List Price
$326,990
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-16%